Automotive Battery Sensor Market Overview
The Automotive Battery Sensor Market size is projected to reach a CAGR of 11.7% from 2022 to 2028.
Intelligent battery sensor (IBS) is a shunt-type sensor that analyzes the battery pack and provides information about voltage, current, and temperature. It is directly mounted on the negative terminal of the battery in a vehicle. IBS monitors the battery continuously and provides information about 3 main parameters. These 3 parameters are state-of-charge, state-of-function (power ability), and state-of-health (aging) of the battery. The monitoring of the battery helps to identify defects and provides this information to the driver. Hence, vehicle breakdowns due to battery issues can be minimized with the help of IBS.
Rising emission concerns and growing demand for fuel-efficient vehicles are some of the factors that have supported long-term expansion for Automotive Battery Sensor Market.
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Automotive Battery Sensor Market Regional Analysis
Asia-Pacific dominates the automotive battery sensor market and will continue to flourish its trend of dominance during the forecast period owing to the growing demand for fuel efficient vehicles and increasing vehicle production is expected to enhance the market growth in the region.
Automotive Battery Sensor Market Competitive Landscape
Key Players
- Continental AG
- Mouser Electronics, Inc.
- HELLA GmbH & Co.
- KGaA
- Inomatic GmbH
- Qinuo Electronics Co. Ltd
- NXP Semiconductors
- AMS AG.
- EDN Network
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Automotive Battery Sensor Market Recent Developments
- January 2022-Mouser Electronics, Inc. is focused on the rapid introduction of new products and technologies, giving customers an edge and helping speed time to market. Over 1,200 semiconductor and electronic component manufacturer brands count on Mouser to help them introduce their products into the global marketplace. Mouser’s customers can expect 100% certified, genuine products that are fully traceable from each manufacturer.
Reasons to Acquire in the Automotive Battery Sensor Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
- Gain authentic and granular data access for Automotive Battery Sensor Market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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